Thesis (Selection of subject)Thesis (Selection of subject)(version: 294)
Assignment details
Residential real estate market during the financial crisis : empirical evidence from the CEE region
Thesis title in Czech: Trh rezidenčních nemovitostí během finanční krize - empirická evidence z regionu zemí střední a východní Evropy
Thesis title in English: Residential real estate market during the financial crisis : empirical evidence from the CEE region
Key words: Rezidenční nemovitosti, cenová bublina, faktory růstu cen nemovitostí, koeficient “cena ku příjmu“, vektorová autoregrese
English key words: residential real estate, housing price bubble, housing price determinants, price-to-income ratio, VAR
Academic year of topic announcement: 2010/2011
Type of assignment: diploma thesis
Thesis language: angličtina
Department: Institute of Economic Studies (23-IES)
Supervisor: PhDr. Pavel Vacek, Ph.D.
Author: hidden - assigned by the advisor
Date of registration: 08.06.2011
Date of assignment: 08.06.2011
Date and time of defence: 28.06.2012 00:00
Venue of defence: Opetalova ul. 26
Date of electronic submission:18.05.2012
Date of submission of printed version:18.05.2012
Date of proceeded defence: 28.06.2012
Reviewers: PhDr. Pavel Streblov
Čadil, J. (2009): “Housing Price Bubble Analysis – Case of the Czech Republic“, Prague Economic Papers 1
Égert, B. and D. Mihaljek (2008): “Determinants of House Prices in Central and Eastern Europe.”, Working Paper No. 1/2008, Czech National Bank
Hlaváček, M. and L. Komárek (2009): “Housing Price Bubbles and their Determinants in the Czech Republic and its Regions”, Working Paper Series, Czech National Bank
Malpezzi, S. (1999): “A simple error correction model of house prices”, Journal of housing economics, Vol. 8, No. 1, pp. 27-62
Palacin, J. and R. Shelburne (2006): “Is There an East European Housing Bubble?”, Global Economy Journal, Vol.6 Issue 3, Article 1, pp. 1-37
Posedel, P. and M. Vizek (2009): “House price determinants in transition and EU-15 countries”, Post-Communist Economies, Vo. 21 No. 3, pp. 327-343
Zemčík, P. (2010): “Is There a Real Estate Bubble in the Czech Republic?”, CERGE-EI Working Paper Series, No. 390
Preliminary scope of work in English
This thesis investigates the housing price determinants and possibilities of housing price bubbles in the residential real estate markets of Central and Eastern Europe before and during the economic crisis of 2007-2009. Using data from international institutions, national central banks and national statistical offices three quantitative methods are applied.
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